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Item type:Publication, Internationalization and Trust From the Perspective of Mexican Entrepreneurs: Policy Implications for Small‐ and Medium‐Sized Enterprises in Developing Countries(Wiley, 2025-05-05); Felipe De AndaThis article examines the associations between trust—institutional and personal—and entrepreneurial internationalization by surveying to collect data from entrepreneurs (owners or chief executive officers). The survey involved a representative sample of 103 respondents who are members of the Employers Confederation of the Mexican Republic (Coparmex), Jalisco delegation. The survey process facilitated a comprehensive diagnosis, identifying trust levels among domestic and internationalized entrepreneurs. Based on <jats:italic>t‐</jats:italic>tests for mean comparisons, correlation, and regression analyses, the trust levels reported by entrepreneurs do not differentiate between those with exported sales and those with only local businesses. It suggests, all else being equal, that the trust of foreign partners should explain the possibilities for the internationalization of Mexican entrepreneurs. These findings have policy implications to support international networking and transparency by providing training in global business practices based on building trust with foreign partners and strengthening diplomatic relations and access to market information. - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Mexico’s Exchange Rate Policy Restrictions on a High Volatility Environment(Routledge, 2018); Luis Raul Rodríguez-reyesThe Mexican Peso (MXN) is one of the most traded currencies in the world. Such trading volume does not match the relative size of the Mexican economy or its international trade volume. This intensified trading activity is mostly related with the free exchange features of the MXN, as it does not have barriers or taxes that hinder its exchange with other major currencies, and its liquidity. Both features transformed the MXN from a free trading currency of a relatively medium size country into the Latin America financial asset of reference in international markets, particularly in its parity with the US dollar. In this research paper we study the USD-MXN exchange rate volatility, from the policy-maker perspective, and the limits imposed to the central bank to fight speculative attacks towards Mexican currency, as most trading on such parity occurs overseas, away from the country’s regulatory reach. This analysis is conducted taking into account the use of the Mexican currency as a hedge for falling prices in commodities’ international prices, mainly with the use of derivatives on the USD-MXN exchange rate. In this new environement, the source of the exchange rate volatility is not related to flawed economic fundamentals or political uncertainty, as it was in the last decades of the XX century, but, volatility now comes from the existence of financial speculators and other agents that heavily rely on the Mexican peso, mainly in the form of derivatives, to operate in international financial markets.41
